Paradigm for Parity® 5-Point Action Plan is Key to Leveling the Playing Field for Women Leaders
NEW YORK – October 10, 2017 – The co-chairs of the Paradigm for Parity®, Jewelle Bickford, Ellen Kullman, and Sandra Beach Lin, issued the statement below in response to the 2017 McKinsey-Lean In Women in the Workplace Study:
“The Women in the Workplace study released today by McKinsey and Lean-In paints a concerning picture of women in the corporate world – demonstrating that inequality, especially in leadership roles, is clear and significant. The report does an excellent job of demonstrating the status of women in the corporate world and also providing a greater understanding of the experiences and perspectives of both men and women in companies.
“One of the most concerning takeaways from the report is the finding that many men, and even some women, continue to think that the workplace is equal when the reality is women represent only 20 percent of C-Suite executives, 21 percent of senior vice presidents, 29 percent of vice presidents and 33 percent of senior managers/directors. Studies show that parity is good for a business’ bottom line, with companies that have a greater representation of women in leadership positions having higher return on equity and increased revenue margins. The business case is there, but the only way this is ever going to change is if company leaders acknowledge the problem and take steps to fix it.
“We welcome the action steps identified in the report, which are consistent with Paradigm for Parity’s 5-point action plan that nearly 60 companies have committed to follow to achieve gender parity by 2030. The Paradigm for Parity® coalition is committed to growing our ranks of companies aiming for parity and will continue to provide tools and resources to companies to help them achieve their inclusivity goals and achieve true gender parity.”
About the Paradigm for Parity® Movement
The Paradigm for Parity® coalition comprises CEOs, senior executives, founders, board members and business academics who are committed to achieving a new norm in corporate leadership: one in which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity® 5-Point Action Plan for corporations to accelerate the pace of gender equity in senior executive roles. This unique agenda defines bold and specific actions that, taken together and simultaneously implemented as a package, will catalyze change and enable today’s business executives to secure the best leaders of tomorrow.
The five points are:
- Eliminating or minimizing unconscious bias in the workplace;
- Significantly increasing the number of women in senior operating roles, with the near-term goal of at least 30% representation in all leadership groups;
- Measuring targets and maintaining accountability by providing regular progress reports;
- Basing career progress on business results and performance, rather than physical presence in the office; and
- Providing sponsors, not just mentors, to women well positioned for long term success.